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Although this is appreciated, no matter what they do, and after Cambridge Analytica, trust in Facebook/Meta went downhill. To top it off, Mark’s vision of VR
by infinitedata 4y ago
Although this is appreciated, no matter what they do, and after Cambridge Analytica, trust in Facebook/Meta went downhill. To top it off, Mark’s vision of VR and how stubborn he is with the infamous Metaverse will really just push FB to bankruptcy. Unless an activist investor pushes them to fire him and change course.
This is like Wells Fargo trying to regain trust, same thing. You had one chance…
- anon400232 4y agoTell me more about your claim that an org, person, or brand gets only one chance at trust. What exactly do you mean? What about the passage of time? Memories can be reshaped; public opinion even more so. Is your claim falsifiable?
- anon400232 4y ago> To top it off, Mark’s vision of VR and how stubborn he is with the infamous Metaverse will really just push FB to bankruptcy. Unless an activist investor pushes them to fire him and change course. Let's make this testable. Bankruptcy by when? Saying, e.g. "at some point" or "eventually" is very problematic to falsify. I've noticed statements of this kind often have a lot of caveats; e.g. ... > unless an activist investor pushes them to fire him and change course ... typically there are many other unspoken/unwritten caveats/exceptions as well. When this happens, the statement becomes unfalsifiable. In such cases, I treat the statement more as a normative criticism (here, "Mark's vision of VR and how stubborn he is") rather than a testable prediction.
- infinitedata 4y agoFunny how you defend this company, you must work there and in denial, or a Zucker fan. I don’t have time for all your arguments; will answer one of them: Regarding timing for bankruptcy - META lost ~65% of its COVID-Driven valuation in one year. Mainly driven by investors not trusting Mark’s vision of the Metaverse. Excluding COVID-driven boom, META has lost ~33% of its solid valuation based on its core product foundation in the past five years. If we follow this trend, and nothing external happens as I previously explained on activist investors, or acquisitions, META could be filing for bankruptcy in as soon as 1 year or a as long as 5 years.